Rosny Park accountant logo
P. 03 6244 5144 | E. Client loginRosny Park accountant
Rosny Park accountant

Taking the discretion out of discretionary bonuses

A recent decision in the New South Wales Court of Appeal has emphasised the importance of ensuring that bonus provisions in contracts of employment properly reflect the intent of the parties.  This issue would be worth considering in the context of your own employment contracts, before the end of the financial year.

Employers should be vigilant in setting objectives for employees and examining performance against those objectives.  The recent outcome in Silverbrook Research Pty Ltd v Lindley highlights a few key issues surrounding bonuses:

Hobart accountant OFFICE LOCATION

Suite 4, 1st floor
30 Bayfield Street
ROSNY PARK TAS 7018

Hobart accountant MAILING ADDRESS

PO BOX 526
ROSNY PARK TAS 7018

Hobart accountantGET IN TOUCH

Phone: 03 6244 5144
Fax: 03 6244 5065
Email: info@alomesfinancial.com.au